Property Description

TWO HOMES FOR THE PRICE OF ONE! SELLER FINANCING AVAILABLE. 4.75% RATE! Rare commercial-zoned investment or owner-occupant opportunity with built-in income. Two separate homes on one lot in a prime Salem location just steps from Salem Ponds, within walking distance to schools, one block from the sports complex, and minutes to shopping, dining, and commuter routes. The main home (built 1906) features 3 bedrooms and 1 bath and is currently rented below market at $1,450/month (Month to Month). The Second Home (ADU) (built 1950) offers 1 bedroom and 1 bath with a tenant at $1,275/month, month-to-month, and is approved for short-term/nightly rental, providing excellent flexibility and upside. Perfect house-hack or cash-flow investment-rent one or both units with minimal management. Tenants pay their own utilities and handle yard maintenance, making this a hands-off property. Both homes are in great condition and well maintained. Additional features include a large storage shed divided into three separate sections for tenants/owner use. A smaller shed is tenant-owned and excluded from the sale. Square footage is provided as a courtesy estimate from a recent appraisal. Buyer to verify all measurements. Do not disturb tenants. Live showings Are Available with 48 Hours Notice. Agent is Related to the Seller.

Property Features

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